short segment on cnbc showing how and why the subprime market is turning sour
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Saturday, June 30, 2007
subprime derivatives
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A mortgage is a method of using property (real or personal) as security for the payment of a debt. The term mortgage (from Law French, lit. death vow) refers to the legal device used in securing the property, but it is also commonly used to refer to the debt secured by the mortgage, the mortgage loan.
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